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Yes, basement insulation needs a vapor barrier due to its susceptibility to moisture seeping in from the outside of the house. You should install a moisture barrier before you install insulation or purchase insulation that comes prebuilt with a moisture barrier to avoid water damage in your insulation and costly mold and water remediation expenses. 

Basements are commonly converted into game rooms. The potential challenges you may run into include controlling moisture, working with low ceilings, limited natural light, and the need for additional electrical or HVAC work. Addressing these issues can add to the total cost, but it ensures a comfortable and functional space.

Unfortunately, mold can grow pretty much anywhere, on any kind of surface. However, you’re most likely to see it in damp areas like basements or bathrooms, as well as anywhere there has been a water leak. Consult a local mold specialist to determine if certain areas of your home are prone to mold based on climate and other factors.

A sump pump can be added to an existing basement. To do this, you will need to use a jackhammer or sledgehammer to break up the concrete and dig a pit. You will also need to create a hole in your basement wall to run the discharge pipe through.